Disney CEO’s compensation jumped to $40.2 million as theme parks led growth

RTT News

- Jan 20, 2013 10:14 am

Skift Take

Theme parks was Disney’s fastest-growing business in fiscal 2012, although its media business, including ESPN, dwarfs the company’s amusement park unit.

— Dennis Schaal

Share

Tweet

Share

Post

Send

Diversified media and entertainment conglomerate Walt Disney Co.’s chief executive officer Bob Iger received overall compensation valued at $40.2 million for 2012, up from $33.43 million in the prior year.

In a proxy filing, the company said that Iger received 2012 basic salary of $2.5 million, up from $2 million last year. In addition, Iger received stock option awards of $7.8 million, jumped from $4.8 million in 2011.

Stock award grants valued at $9.5 million were above the $8.1 million from a year earlier, according to a filing Friday. He also received incentive pay of $16.5 million, up from $15.5 million, whereas other compensation for security and personal air travel came to $800,700, down from $962,932 a year earlier, according to filing with the Securities and Exchange Commission.

California-based Disney said that its Senior Executive Vice President and Chief Financial Officer James Rasulo got pay package of $12.2 million, up from $11.07 million a year ago.

The compensation includes $1.49 million in base salary, stock awards of $3.01 million, option awards of $1.80 million, $4.08 million incentive pay, change in pension value and non qualified deferred compensation earnings of $1.79 million and all other compensation of $36,548.

For the fourth quarter ended September 29, 2012, the Burbank, California-based company reported net income of $1.24 billion or $0.68 per share, compared to $1.09 billion or $0.58 per share for the year-ago quarter, helped by growths at ESPN and the company’s theme parks.